NOT LISTED FOR SALE
-- Bed
-- Bath
7,270 Sq Ft
0.48 Acres Lot

Sale Details

Date Sold: June 11, 2024

Last sale price $832,500 $115 Per Sq Ft

7 Days on Market

About This Home

As of June 2024

***Seller Financing Available*** This is your opportunity to purchase 13 units in Bakersfield. The property is centrally located near the downtown area and Northern Bakersfield. The units are mix use and include a mix of 1 bedroom, 1 bath and studios. The units are located near area shopping centers, downtown area, local parks.

Last Agent to Sell the Property

Michael Freedman

American Real Estate License #01212171 Listed on: 04/25/2024

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 20,908 Sq Ft Lot

Parking

  • Uncovered Parking

Home Design

  • Composition Roof

Interior Spaces

  • 7,270 Sq Ft Home
  • 1-Story Property

Schools

  • Hills Elementary School
  • Emerson Middle School
  • North High School

Listing and Financial Details

  • Assessor Parcel Number 12014027

Community Details

Overview

  • 13 Units
  • The Palo Verde Tract Subdivision

Building Details

  • Gross Income $141,180
  • Net Operating Income $122,658

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0.48 Acres

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1957
  • Building Stories: 1
  • Deposit Amount Required: 25000.00
  • Property Sub Type: 11 Plus
  • Lot Size Acres: 0.4800
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 7270.00

Exterior Features

  • Roof: Composition
  • Disclosures: Call Listing Agent

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Other

Schools

  • High School: North
  • Middle Or Junior School: Emerson

Lot Info

  • Zoning Description: R-2
  • Lot Size Sq Ft: 20908.00
  • Parcel #: 12014027

Multi Family

  • Total Annual Expense: 18521.51
  • Vacancy Factor: 0.01
  • Number Of Units Total: 13
  • Existing Lease Type: Net
  • Annual Gross Income: 141180.00
  • Property Net Operating Income: 122658.40

MLS Schools

  • Elementary School: Hills, Stella
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/11/2024 06/11/24 Sold $832,500 -15.1% $115 / Sq Ft
05/03/2024 05/03/24 Pending -- -- --
04/25/2024 04/25/24 For Sale $980,000 +28.9% $135 / Sq Ft
09/01/2020 09/01/20 Sold $760,000 -12.0% $105 / Sq Ft View Prior Sale
08/02/2020 08/02/20 Pending -- -- --
02/17/2020 02/17/20 For Sale $864,000 -- $119 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,267 $849,150 $213,180 $635,970
2024 $14,267 $754,739 $66,855 $687,884
2023 $13,895 $739,942 $65,545 $674,397
2022 $16,804 $775,200 $64,260 $710,940
2021 $13,269 $760,000 $63,000 $697,000
2020 $10,950 $583,663 $58,366 $525,297
2019 $10,808 $583,663 $58,366 $525,297
2018 $10,633 $561,000 $56,100 $504,900
2017 $9,229 $436,766 $51,159 $385,607
2016 $8,687 $428,203 $50,156 $378,047
2015 $8,613 $421,772 $49,403 $372,369
2014 $8,386 $413,511 $48,436 $365,075
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202404016

Bakersfield Association of REALTORS® / GEMLS
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